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Slowdown-hit Indian economy counts cost of stronger rupee

The currency's resilience is making New Delhi's exports less competitive and driving up imports

The rupee has risen more than 6% this year against the dollar, with the impact magnified by the decline of many competitors' currencies against the greenback over the same period.

New Delhi

INDIA'S stronger currency has become a threat for its growth aspirations, piling pressure on the central bank to aggressively intervene in the foreign exchange market even at the risk of incurring the wrath of the United States.

The rupee has risen more than 6 per cent...